[Congressional Record Volume 140, Number 80 (Wednesday, June 22, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: June 22, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                              THE GI BILL

  Mr. SIMON. Mr. President, I also wish to speak about your comments, 
Mr. President, on the GI bill.
  It was designed as a gift to veterans. It turned out to be a massive 
investment in our own prosperity.
  But it is interesting, if you take the inflation factor and apply it 
to the old GI bill, which was open to anyone who served in the service, 
today it would be a grant of $8,500. The maximum grant you can get 
today under the Pell grant is $2,300, and you have to be desperately 
poor to qualify.
  We have slipped. When we had the GI bill, we spent 9 percent of our 
budget on education. Today, we are spending 2 percent of our budget on 
education.

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